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It is important to have a longterm financial plan from "summary" of Rich Dad's Prophecy by Robert T. Kiyosaki,Sharon L. Lechter

In the world of finance, having a long-term plan is crucial. Without a clear roadmap for your financial future, you may find yourself lost and unprepared for the unexpected twists and turns that life can throw your way. This is a concept that is emphasized throughout the pages of 'Rich Dad's Prophecy'. A long-term financial plan serves as a guide to help you achieve your goals and dreams. It provides a framework for making informed decisions about saving, investing, and spending your money. By laying out a plan for your financial future, you can better navigate the ups and downs of the market and ensure that you are prepared for whatever comes your way. One of the key reasons why having a long-term financial plan is so important is because it allows you to take a proactive approach to your finances. Instead of simply reacting to changes in the market or in your personal circumstances, a well-thought-out plan enables you...
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    Rich Dad's Prophecy

    Robert T. Kiyosaki

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